Community Information

 

Dec. 13, 2017

Las Vegas | What is the Cost of Waiting Until Next Year to Buy?

Las Vegas | What is the Cost of Waiting Until Next Year to Buy?

 

When looking for homes in Las Vegas consumers search for the latest listings using our local Las Vegas MLS (Multiple Listing Service). We understand that you have many choices and this is why we thrive by bringing excellence to your buying experience. Our website LasVegasFindaHome.com provides you with the latest listings including the most recent MLS houses for sale. You can save your favorite search and you can also subscribe to an email alert to receive automated real estate updates emailed directly to your mailbox.

We give you full access to the newest listings in Las Vegas including, foreclosures, auction properties, distressed properties, short sales , REO’s and private sales. 

When you’re looking for your dream home or an investment property, make sure you visit LasVegasFindaHome.com and allow us the opportunity to service your Real Estate needs.

Today, I want to touch on an important subject that affects all Home Buyers: What is the Cost of Waiting Until Next Year to Buy?

 

We recently shared that over the course of the last 12 months, home prices have appreciated by 7.0%. Over the same amount of time, interest rates have remained historically low which has allowed many buyers to enter the market. 

As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over the next six months. As a buyer, however, you must not be concerned about price, but instead about the ‘long-term cost’ of the home. 

The Mortgage Bankers Association (MBA), Freddie Mac, and Fannie Mae all project that mortgage interest rates will increase by this time next year. According to CoreLogic’s most recent Home Price Index Report, home prices will appreciate by 4.7% over the next 12 months.

 

What Does This Mean as a Buyer? 

If home prices appreciate by 4.7% over the next twelve months as predicted by CoreLogic, here is a simple demonstration of the impact that an increase in interest rate would have on the mortgage payment of a home selling for approximately $250,000 today:

 

 Bottom Line

If buying a home is in your plan for 2018, doing it sooner rather than later could save you thousands of dollars over the terms of your loan.

 

Source.. KCM Bill & Fran Jenkins Blog

 

To purchase your dream home or a great foreclosure property, is about being educated, thorough and patient with the process. The most important aspect of finding the perfect home is working with a real estate agent who is highly skilled in negotiation and understanding of your expectations!

For more information or assistance to help you find a home in the Las Vegas and Henderson area please call us at 702–845–8540.    

 

 

Posted in Las Vegas
Dec. 6, 2017

Henderson | Home Prices Up 7% from Last Year

Henderson | Home Prices Up 7% from Last Year

 

You can find condos, highrise condos, townhomes, and investment properties real estate listings quickly and with very little effort by visiting our website www.LasVegasFindaHome.com Our easy-to-use home search tools allow you to search the latest listings and give you access to all the homes available for sale in Las Vegas Nevada. 

LasVegasFindAHome.com is your complete Las Vegas real estate guide that will find your dream home quickly and accurately. 

Today, I would like to talk to you about Home Prices Up 7% from Last Year

 

According to CoreLogic’s latest Home Price Index, national home prices have appreciated by 7.0% from October 2016 to October 2017. This marks the second month in a row with a 7.0% year-over-year increase. 

A lack of supply of homes for sale has led to upward pressure on home prices across the country, especially in areas where both existing and new home inventory have not kept up with buyer demand. 

CoreLogic’s Chief Economist Frank Nothaft elaborated on the significance of such a large year-over-year gain,  

“Single-family residential sales and prices continued to heat up in October. On a year-over-year basis, home prices grew in excess of 6 percent for four consecutive months ending in October, the longest such streak since June 2014. 

This escalation in home prices reflects both the acute lack of supply and the strengthening economy.”

This is great news for homeowners who have gained over $13,000 in equity in their home over the last year! Those homeowners who had been on the fence as to whether or not to sell will be pleasantly surprised to find out that they now have an even larger profit to help cover a down payment on their dream home. 

CoreLogic’s President & CEO Frank Martell had this to say, 

“The acceleration in home prices is good news for both homeowners and the economy because it leads to higher home equity balances that support consumer spending and is a cushion against mortgage risk. However, for entry-level renters and first-time homebuyers, it leads to tougher affordability challenges.”

Any time the price of a home goes up there will likely be concern about the affordability of that home, but there is good news. Mortgage interest rates remain at historic lows, allowing buyers to enter the housing market and lock in a low monthly housing cost.

 

Rents Are Also Rising 

The report went on to mention that over the same 12-month period, median rental prices for a single-family home have also risen by 4.2%. 

With rents and home prices rising at the same time, first-time buyers may find the task of saving for a down payment a little daunting. Low down payment programs are available and have been a very popular option for first-time buyers. The median down payment for first-time buyers in 2017 was only 5%! 

 

Bottom Line 

If you are looking to enter the housing market, as either a buyer or a seller, let’s get together to go over exactly what’s going on in our neighborhood and discuss your options!

 

Source.. KCM Bill & Fran Jenkins Blog

 

Bill & Fran Jenkins and their team are devoted true professional. They are committed to keeping you informed through regular, detailed communication through the whole process. The jenkins use the latest technology to provide you with daily updates, price reductions and the best buys in Las Vegas Nevada.

If you are ready to hire an imaginative, passionate, confident real estate consultant to help you sell or buy a home in Las Vegas Nevada, call Bill Jenkins @ 702–845–8540       

 

 

Posted in Henderson
Nov. 29, 2017

Las Vegas | 2 Charts That Show the Truth about Home Affordability

Las Vegas | 2 Charts That Show the Truth about Home Affordability

 

When looking for homes in Las Vegas consumers search for the latest listings using our local Las Vegas MLS (Multiple Listing Service). We understand that you have many choices and this is why we thrive by bringing excellence to your buying experience. Our website LasVegasFindaHome.com provides you with the latest listings including the most recent MLS houses for sale. You can save your favorite search and you can also subscribe to an email alert to receive automated real estate updates emailed directly to your mailbox.

We give you full access to the newest listings in Las Vegas including, foreclosures, auction properties, distressed properties, short sales , REO’s and private sales. 

When you’re looking for your dream home or an investment property, make sure you visit LasVegasFindaHome.com and allow us the opportunity to service your Real Estate needs.

Today, I want to touch on an important subject that affects all Home Buyers: 2 Charts That Show the Truth about Home Affordability

 

There is a lot of discussion about the current state of housing affordability for both first-time and move-up buyers, and much of the narrative is tarnished with a negative slant. However, the truth is that housing affordability is better today than at almost any time in our history. 

The naysayers are correct in the fact that affordability today is not as good as it has been over the last several years. But, we must remember that home prices collapsed during the housing crash, and distressed properties (foreclosures and short sales) kept home values depressed for years. When we compare affordability to the decades that proceeded the crash, a different story is revealed.

Here is a graph of the National Association of Realtors’ Housing Affordability Index. The higher the graph, the more affordable homes are.

 

We can see that affordability is better today than in the fifteen years prior to the boom and bust.

CoreLogic just published a report showing the National Homebuyers’ “Typical Mortgage Payment.” Here is a graph of their findings: 

It reveals that, though a ‘typical’ housing payment was less expensive in 2012 (remember distressed properties), it is currently less expensive than it was in 2000 and is still projected to be lower next year than it was in 2000.

 

Bottom Line

Mark Fleming, Chief Economist at First American, explained it best:

“While borrowing power for the potential home buyer has fallen relative to the low point of 2012, it remains high today and will remain high next year, relative to the long run average. If you don’t want to rent anymore and are considering becoming a homeowner, even if mortgage rates rise next year, your borrowing power will remain strong by historic standards.”

 

Source.. KCM Bill & Fran Jenkins Blog

 

To purchase your dream home or a great foreclosure property, is about being educated, thorough and patient with the process. The most important aspect of finding the perfect home is working with a real estate agent who is highly skilled in negotiation and understanding of your expectations!

For more information or assistance to help you find a home in the Las Vegas and Henderson area please call us at 702–845–8540.    

 

 

Posted in Las Vegas
Nov. 22, 2017

Las Vegas Real Estate | Bubble Alert! Is it Getting Too Easy to Get a Mortgage?

Las Vegas Real Estate | Bubble Alert! Is it Getting Too Easy to Get a Mortgage?

 

Did you know that you can find condos, highrise condos, townhomes, and investment properties real estate listings quickly and with very little effort by visiting our website www.LasVegasFindaHome.com Our easy-to-use home search tools allow you to search the latest listings and give you access to all the homes available for sale in Las Vegas Nevada. 

LasVegasFindAHome.com is your complete Las Vegas real estate guide that will find your dream home quickly and accurately.

Today, I would like to talk directly to sellers, and Bubble Alert! Is it Getting Too Easy to Get a Mortgage?

 

There is little doubt that it is easier to get a home mortgage today than it was last year. The Mortgage Credit Availability Index (MCAI), published by the Mortgage Bankers Association, shows that mortgage credit has become more available in each of the last several years. In fact, in just the last year:

 

- More buyers are putting less than 20% down to purchase a home

- The average credit score on closed mortgages is lower

- More low-down-payment programs have been introduced

 

This has some people worrying that we are returning to the lax lending standards which led to the boom and bust that real estate experienced ten years ago. Let’s alleviate some of that concern. 

The graph below shows the MCAI going back to the boom years of 2004-2005. The higher the graph line, the easier it was to get a mortgage.

 As you can see, lending standards were much more lenient from 2004 to 2007. Though it has gradually become easier to get a mortgage since 2011, we are nowhere near the lenient standards during the boom.

The Urban Institute also publishes a Home Credit Availability Index (HCAI). According to the Institute, the HCAI:

“Measures the percentage of home purchase loans that are likely to default—that is, go unpaid for more than 90 days past their due date. A lower HCAI indicates that lenders are unwilling to tolerate defaults and are imposing tighter lending standards, making it harder to get a loan. A higher HCAI indicates … it is easier to get a loan.”

Here is a graph showing their findings:

 

Again, today’s lending standards are nowhere near the levels of the boom years. As a matter of fact, they are more stringent than they were even before the boom.

 

Bottom Line

It is getting easier to gain financing for a home purchase. However, we are not seeing the irresponsible lending that caused the housing crisis.

 

Source.. KCM Bill & Fran Jenkins Blog

 

Bill & Fran Jenkins and their team are devoted true professionals. They are committed to keeping you informed through regular, detailed communication through the whole process. The Jenkins use the latest technology to provide you with daily updates, price reductions and the best buys in Las Vegas Nevada.

If you are ready to hire an imaginative, passionate, confident real estate consultant to help you sell or buy a home in Las Vegas Nevada, call Bill Jenkins @ 702–845–8540   

 

 

Posted in Henderson, Las Vegas
Nov. 15, 2017

Las Vegas MLS | Feeling ‘Stuck in Place’? You Aren’t Alone… And There’s Hope!

Las Vegas MLS | Feeling ‘Stuck in Place’? You Aren’t Alone… And There’s Hope!

 

When looking for homes in Las Vegas consumers search for the latest listings using our local Las Vegas MLS (Multiple Listing Service). We understand that you have many choices and this is why we thrive by bringing excellence to your buying experience. Our website LasVegasFindaHome.com provides you with the latest listings including the most recent MLS houses for sale. You can save your favorite search and you can also subscribe to an email alert to receive automated real estate updates emailed directly to your mailbox.

We give you full access to the newest listings in Las Vegas including, foreclosures, auction properties, distressed properties, short sales , REO’s and private sales. 

When you’re looking for your dream home or an investment property, make sure you visit LasVegasFindaHome.com and allow us the opportunity to service your Real Estate needs.

Today, I want to touch on an important subject that affects all Home Buyers: Feeling ‘Stuck in Place’? You Aren’t Alone… And There’s Hope!

 

Whether you are a renter who is searching for your dream home or a homeowner who feels like your only option is to renovate, you have at least one thing in common: feeling stuck in place. 

According to data from the National Association of Realtors’ Profile of Home Buyers & Sellers, the average amount of time that a family stays in their home remained at 10 years in 2017. This mark ties the highest marks set in 2014 and 2016. Back in 1985, when data was first collected on this subject, homeowners stayed in their homes for an average of only 5 years. 

There are many reasons why homeowners have decided to stay and not to sell. A recent Wall Street Journal article had this to say,

“Americans aren’t moving in part because inventory levels have fallen near multidecade lows and home prices have risen to records. Many homeowners are choosing to stay and renovate, in turn making it more difficult for renters to enter the market.” 

Sam Khater, Deputy Chief Economist for CoreLogic, equated the lack of inventory to “not having enough oil in your car and your gears slowly [coming] to a grind.” 

Historically, a normal market (in which prices increase at the rate of inflation) requires a 6-7 month supply of inventory. There hasn’t been that much supply since August of 2012! Over the course of the last 12 months, inventory has hovered between a 3.5 to 4.4-month supply, meaning that prices have increased and buyers are still out in force! 

Challenges in the new-home construction market have “helped create a bottleneck in the market in which owners of starter homes aren’t trading up to newly built homes, which tend to be pricier, in turn creating a squeeze for millennial renters looking to get into the market.” 

“Economists said baby boomers also aren’t in a hurry to trade in the dream homes they moved into in middle age for condominiums or senior living communities because many are staying healthy longer or want to remain near their children.”

So, what can you do if you feel stuck & want to move on? 

Don’t give up! If you are looking to move-up to an existing luxury home, there are deals to be had in the higher-priced markets. Demand is strong in the starter and trade-up home markets which means that your house will sell quickly. Let’s work together to build in contingencies that allow you more time to find your dream home; the right buyer will wait.

 

Source.. KCM Bill & Fran Jenkins Blog

 

To purchase your dream home or a great foreclosure property, is about being educated, thorough and patient with the process. The most important aspect of finding the perfect home is working with a real estate agent who is highly skilled in negotiation and understanding of your expectations!

For more information or assistance to help you find a home in the Las Vegas and Henderson area please call us at 702–845–8540.    

 

 

Nov. 8, 2017

Las Vegas Homes For Sale | 5 Reasons Homeownership Makes ‘Cents’

Las Vegas Homes For Sale | 5 Reasons Homeownership Makes ‘Cents’

 

When looking for homes in Las Vegas consumers search for the latest listings using our local Las Vegas MLS (Multiple Listing Service). We understand that you have many choices and this is why we thrive by bringing excellence to your buying experience. Our website LasVegasFindaHome.com provides you with the latest listings including the most recent MLS houses for sale. You can save your favorite search and you can also subscribe to an email alert to receive automated real estate updates emailed directly to your mailbox.

We give you full access to the newest listings in Las Vegas including, foreclosures, auction properties, distressed properties, short sales , REO’s and private sales. 

When you’re looking for your dream home or an investment property, make sure you visit LasVegasFindaHome.com and allow us the opportunity to service your Real Estate needs.

Today, I want to touch on an important subject that affects all Home Buyers: 5 Reasons Homeownership Makes ‘Cents’

 

The American Dream of homeownership is alive and well. Recent reports show that the US homeownership rate has rebounded from recent lows and is headed in the right direction. The personal reasons to own differ for each buyer, but there are many basic similarities. 

Today we want to talk about the top 5 financial reasons you should own your own home.

 

1.- Homeownership is a form of forced savings – Paying your mortgage each month allows you to build equity in your home that you can tap into later in life for renovations, to pay off high-interest credit card debt, or even send a child to college. As a renter, you guarantee that your landlord is the person with that equity.

2.- Homeownership provides tax savings – One way to save on taxes is to own your own home. You may be able to deduct your mortgage interest, property taxes, and profits from selling your home, but make sure to always check with your accountant first to find out which tax advantages apply to you in your area.

3.- Homeownership allows you to lock in your monthly housing cost – When you purchase your home with a fixed-rate mortgage, you lock in your monthly housing cost for the next 5, 15, or 30 years. Interest rates have remained around 4% all year, marking some of the lowest rates in history. The value of your home will continue to rise with inflation, but your monthly costs will not.

4.- Buying a home is cheaper than renting – According to the latest report from Trulia, it is now 37.4% less expensive to buy a home of your own than to rent in the US. That number varies throughout the country but ranges from 6% cheaper in San Jose, CA to 57% cheaper in Detroit, MI.

5.- No other investment lets you live inside of it – You can choose to invest your money in gold or the stock market, but you will still need somewhere to live. In a home that you own, you can wake up every morning knowing that your investment is gaining value while providing you a safe place to live.

 

Bottom Line 

Before you sign another lease, let’s get together to help you better understand all your options.

 

Source.. KCM Bill & Fran Jenkins Blog

 

To purchase your dream home or a great foreclosure property, is about being educated, thorough and patient with the process. The most important aspect of finding the perfect home is working with a real estate agent who is highly skilled in negotiation and understanding of your expectations!

For more information or assistance to help you find a home in the Las Vegas and Henderson area please call us at 702–845–8540.    

 

 

Posted in Henderson, Las Vegas
Nov. 1, 2017

Las Vegas MLS Houses for Sale | Thinking About Buying? Know Your Credit Score

Las Vegas MLS Houses for Sale | Thinking About Buying? Know Your Credit Score

 

When looking for homes in Las Vegas consumers search for the latest listings using our local Las Vegas MLS (Multiple Listing Service). We understand that you have many choices and this is why we thrive by bringing excellence to your buying experience. Our website LasVegasFindaHome.com provides you with the latest listings including the most recent MLS houses for sale. You can save your favorite search and you can also subscribe to an email alert to receive automated real estate updates emailed directly to your mailbox.

We give you full access to the newest listings in Las Vegas including, foreclosures, auction properties, distressed properties, short sales , REO’s and private sales. 

When you’re looking for your dream home or an investment property, make sure you visit LasVegasFindaHome.com and allow us the opportunity to service your Real Estate needs.

Today, I want to touch on an important subject that affects all Home Buyers: Thinking About Buying? Know Your Credit Score

 

Knowing your credit score or getting a recent copy of your credit report is one of the first steps that you can take toward knowing how ready you are to start the home buying process. 

Make sure all the information listed on your report is accurate and work to correct any mistakes. The higher your credit score, the more likely you will be to receive a better interest rate for your mortgage, which will translate into more ‘home for your money.’ 

Many potential buyers believe that they need a 750 FICO® Score or higher to be able to purchase a home. The truth is that according to Ellie Mae’s Origination Report, over 53% of loans were approved with a FICO® score under 750 last month!

 

Here are some tips for improving your credit score: 

*Make payments, including rent, credit cards, and car loans, on time.

*Keep your spending to no more than 30% of your limit on credit cards.

*Pay down high-balance credit cards to lower balances, and consider balance transfers to free up credit.

*Check for errors on your credit report and work toward fixing them.

*Shop for mortgage rates within a 30-day period — too many spread-out inquiries can lower your score.

*Work with a credit counselor or a lender to improve your score.

 

Once you know your score, your next step will be finding a lender and getting pre-approved for a mortgage. Doing this will ensure that you know your budget before you start looking for your dream home.

 

Source.. KCM Bill & Fran Jenkins Blog

 

To purchase your dream home or a great foreclosure property, is about being educated, thorough and patient with the process. The most important aspect of finding the perfect home is working with a real estate agent who is highly skilled in negotiation and understanding of your expectations!

For more information or assistance to help you find a home in the Las Vegas and Henderson area please call us at 702–845–8540.   

 

 

Posted in Henderson, Las Vegas
Oct. 25, 2017

Las Vegas Henderson | The #1 Reason to List Your House, NOW!

Las Vegas Henderson | The #1 Reason to List Your House, NOW!

Did you know that you can find condos, highrise condos, townhomes, and investment properties real estate listings quickly and with very little effort by visiting our website www.LasVegasFindaHome.com Our easy-to-use home search tools allow you to search the latest listings and give you access to all the homes available for sale in Las Vegas Nevada. 

LasVegasFindAHome.com is your complete Las Vegas real estate guide that will find your dream home quickly and accurately.

Today, I would like to talk directly to sellers, and "The #1 Reason to List Your House in Las Vegas Henderson NOW!"

 

The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that sales rose 0.7% month-over-month, but remain 1.5% lower than they were a year ago. Some may look at these numbers and think that now is not a good time to sell their house, but in fact, the opposite is true. 

The national slowdown in sales is directly tied to a lack of inventory available for the buyers who are out in the market looking for their dream homes! The inventory of homes for sale has fallen year-over-year for the last 28 months and has had an upward impact on home prices. 

NAR’s Chief Economist Lawrence Yun had this to say, 

“Home sales in recent months remain at their lowest level of the year and are unable to break through, despite considerable buyer interest in most parts of the country. 

Realtors® this fall continue to say the primary impediments stifling sales growth are the same as they have been all year: not enough listings – especially at the lower end of the market – and fast-rising prices that are straining the budgets of prospective buyers.” (emphasis added)

The houses that are on the market are selling fast, too! According to NAR’s Realtors Confidence Index, the median number of days it took for a house to go from listed to under contract over the past three months was 34.

 

Bottom Line 

If you are one of the many homeowners who is debating listing your house for sale this year, the time is now! Let’s get together to discuss the specifics of our market!

 

Source.. KCM Bill & Fran Jenkins Blog

 

Bill & Fran Jenkins and their team are devoted true professionals. They are committed to keeping you informed through regular, detailed communication through the whole process. The Jenkins use the latest technology to provide you with daily updates, price reductions and the best buys in Las Vegas Nevada.

If you are ready to hire an imaginative, passionate, confident real estate consultant to help you sell or buy a home in Las Vegas Nevada, call Bill Jenkins @ 702–845–8540  

 

 

Posted in Henderson, Las Vegas
Oct. 18, 2017

Short Sale Experts - Las Vegas and Henderson / 5 Reasons to Hire a Real Estate Professional When Buying or Selling!

Short Sale Experts - Las Vegas and Henderson / 5 Reasons to Hire a Real Estate Professional When Buying or Selling!

 

In today’s market keeping up with the changes in short sales, lender approval options, short sale contract stipulations and negotiations on behalf of the seller has become a necessity if you want success in your short sale 

Staying on top of new regulations, documentation and negotiation practices to represent sellers, should be an important condition before you hire the professional who will represent you in your short sale 

I would like to invite to our FREE Consultation and discuss your current situation about your short sale options 

Today I would like to speak to you about  5 Reasons to Hire a Real Estate Professional When Buying or Selling!

 

Whether you are buying or selling a home it can be quite an adventurous journey, which is why you need an experienced real estate professional to guide you on the path to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO. 

The 5 reasons you NEED a real estate professional in your corner haven’t changed, but have rather been strengthened by the projections of higher mortgage interest rates & home prices as the market continues to pick up steam.

 

1. What do you do with all this paperwork? 

Each state has different regulations regarding the contracts required for a successful sale, and these regulations are constantly changing. A true real estate professional is an expert in his or her market and can guide you through the stacks of paperwork necessary to make your dream a reality.

 

2. Ok, so you found your dream house, now what? 

There are over 180 possible steps that need to take place during every successful real estate transaction. Don’t you want someone who has been there before, someone who knows what these actions are, to make sure that you achieve your dream?

 

3. Are you a good negotiator? 

So maybe you’re not convinced that you need an agent to sell your home. After looking at the list of parties that you will need to be prepared to negotiate with, you’ll soon realize the value in selecting a real estate professional. From the buyer (who wants the best deal possible), to the home inspection companies, to the appraiser, there are at least 11 different people who you will need to be knowledgeable of, and answer to, during the process.

 

4. What is the home you’re buying/selling really worth? 

It is important for your home to be priced correctly from the start to attract the right buyers and shorten the amount of time that it’s on the market. You need someone who is not emotionally connected to your home to give you the truth as to your home’s value. According to the National Association of REALTORS, “the typical FSBO home sold for $185,000 compared to $245,000 among agent-assisted home sales.” 

Get the most out of your transaction by hiring a professional.

 

5. Do you know what’s really going on in the market? 

There is so much information out there on the news and the internet about home sales, prices, and mortgage rates; how do you know what’s going on specifically in your area? Who do you turn to in order to competitively, and correctly, price your home at the beginning of the selling process? How do you know what to offer on your dream home without paying too much, or offending the seller with a lowball offer? 

Dave Ramsey, the financial guru, advises: 

“When getting help with money, whether it’s insurance, real estate or investments, you should always look for someone with the heart of a teacher, not the heart of a salesman.”

Hiring an agent who has his or her finger on the pulse of the market will make your buying or selling experience an educated one. You need someone who is going to tell you the truth, not just what they think you want to hear.

 

Bottom Line 

You wouldn’t replace the engine in your car without a trusted mechanic. Why would you make one of the most important financial decisions of your life without hiring a real estate professional?

 

Source.. KCM Bill & Fran Jenkins Blog

 

Bill and Fran Jenkins are short sale experts, they bring a wealth of knowledge and expertise about buying and selling real estate in Las Vegas and Henderson. It’s not the same when you need an approval for a short sale, you need someone you can trust for up-to-date information. Someone who knows the area and knows how to negotiate and close short sales.

Contact us: 

Nevada Realty Connection

170 S. Green Valley PKWY Suite 300

Henderson, NV 89012

Bill Jenkins: (702) 845–8540

Fran Jenkins: (702) 860–5432  

 

 

Posted in Henderson, Las Vegas
Oct. 11, 2017

Las Vegas MLS | Builder Offering to Pay Off Student Loans for Buyers

Las Vegas MLS | Builder Offering to Pay Off Student Loans for Buyers 

 

When looking for homes in Las Vegas, consumers search for the latest listings using our local Las Vegas MLS (Multiple Listing Service). We understand that you have many choices and this is why we thrive by bringing excellence to your buying experience. Our website LasVegasFindaHome.com provides you with the latest listings including the most recent MLS houses for sale. You can save your favorite search and you can also subscribe to an email alert to receive automated real estate updates emailed directly to your mailbox.

We give you full access to the newest listings in Las Vegas including, foreclosures, auction properties, distressed properties, short sales , REO’s and private sales. 

When you’re looking for your dream home or an investment property, make sure you visit LasVegasFindaHome.com and allow us the opportunity to service your Real Estate needs.

Today, I want to touch on about  an important subject: Builder Offering to Pay Off Student Loans for Buyers 

 

Millennials are on track to become the most educated generation in history. This means they are also the generation with the most student debt. Depending on the type of degree earned, as well as the prestige of the institution attended, there are some millennials who graduate college with what equates to a mortgage payment.

For those first-time buyers, and even some move-up buyers, who took advantage of the First-Time Homebuyer Tax Credit in 2008, there is an interesting program being introduced by Lennar Home Builders and Eagle Home Mortgage.

“Borrowers with Eagle Home Mortgage’s Student Loan Debt Mortgage Program can direct up to 3% of the purchase price (up to $13,000) to pay their student loans when they buy a new home from Lennar, one of the nation’s largest homebuilders. The contribution doesn’t directly increase the purchase price of the home or add to the balance of the loan.”

The program allows borrowers, whose credit and income requirements qualify, to put down as low as 3% and have a maximum loan amount of $424,100. At the time of closing, Lennar contributes up to 3% to pay down student loans incurred while attending universities, colleges, community colleges, trade schools and other certificate-granting programs.

Jimmy Timmons, President of Eagle Home Mortgage, gave more context about the reasons behind the creation of the program,

“Americans are more burdened than ever by student loans, with $1.3 trillion in outstanding student loans spread out among 42 million borrowers.  

Particularly with millennial buyers, people who want to buy a home of their own are not feeling as though they can move forward. Our program is designed to relieve some of that burden and remove that barrier to owning a home.”

According to the Wall Street Journal, “housing observers said other builders are likely to look to mimic the program, which could help lure more of the critical first-time-buyer segment into home purchases.”

 

Bottom Line

If you are one of the many millennials who may have delayed purchasing your first home, or feel stuck in a house that no longer fits your needs, there are programs and options available to help you achieve your dream!

 

Source.. KCM Bill & Fran Jenkins Blog

 

To purchase your dream home or a great foreclosure property, is about being educated, thorough and patient with the process. The most important aspect of finding the perfect home is working with a real estate agent who is highly skilled in negotiation and understanding of your expectations!

For more information or assistance to help you find a home in the Las Vegas and Henderson area please call us at 702–845–8540.

 

 

Posted in Las Vegas